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Dec 11, 2017
6:22:26pm
Plato Walk-on
I've found appraisers for commercial property outside of urban areas are bad.

There just aren't a lot of comps.  I dealt with one a few years ago where I personally was aware of several comps that were superior to the comps the appraiser used.  The appraisal was way under-value.  Unfortunately, if your state is a non-reporting state, I don't know if you can get the info.  I got around my issue by hiring a different appraiser.  But I had the advantage of going around a typical bank for my lending.  I don't think a bank would have accepted my 2nd appraisal.  I know they wouldn't have.

This message has been modified
Originally posted on Dec 11, 2017 at 6:22:26pm
Message modified by Plato on Dec 11, 2017 at 6:26:16pm
Plato
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Plato
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